September 9, 2008
Southeast TechInventures Signs Master Licensing Agreement With UNC Charlotte
Southeast TechInventures, Inc. (STI) Tuesday announced the signing of a Master Licensing Agreement with UNC Charlotte. The agreement's goal is to streamline negotiations and accelerate the acquisition of intellectual property - a key step in the technology commercialization process. STI works in partnership with university-based inventors to efficiently commercialize the most promising new technologies.
"Southeast TechInventures supports inventors through the entire early stage commercialization process," said Carl Mahler, executive director of the Office of Technology Transfer at UNC Charlotte. "Their proven success in this arena aligns with our strong tradition of applied research, licensing and transferring technology into the marketplace."Ashok Mendiratta, STI's chief commercialization officer, sees great potential in the Charlotte region. "As a technology accelerator, our primary focus is to help universities and inventors bring promising new innovations to market," he said. "To be successful in this arena requires leading-edge scientific breakthroughs and collaborative partnerships."
STI uses Small Business Innovation Research (SBIR) grants and other government and corporate funds to further develop technology. STI's proof-of-concept and prototype development model is demonstrated in its SBIR grant success rate, which is twice the national average. STI gets actively involved in developing technologies and associated business plans and then connects with its strong network of angel and VC investors to get funding to commercialize the technologies.
The combination of a proven process and expertise has already resulted in 13 spin-off companies formed to fully launch products. The spin-off companies are in the areas of life sciences, medical devices, diagnostics, photonics, optoelectronics, materials and IT.
Mendiratta further stresses the importance of involving industry experts throughout the process. "We have pioneered a unique partnering program with key leaders in a variety of industry sectors. These industry partners provide market validation and pull for technologies."
STI is currently working with several UNC Charlotte early-stage technologies and is interested in identifying other promising research that might benefit from STI's approach to commercialization. In addition to UNC Charlotte, STI has similar licensing agreements with several other universities in North Carolina.
About UNC Charlotte's Office of Technology Transfer
UNC Charlotte's Office of Technology Transfer is one of the country's best in putting intellectual capital to work according to statistics compiled by the Association of University Technology Managers. The University leverages its strong tradition of applied research and its progressive stance on licensing to transfer technology to the marketplace. http://www.ott.uncc.edu
About Southeast TechInventures
Based in Research Triangle Park, NC, Southeast TechInventures, Inc. (STI) has pioneered a commercialization process powered by their proprietary TechInventures Accelerator ProcessSM. This process involves a unique intellectual property licensing methodology; the ability to obtain funding for technology and prototype development; develops business plans and then obtains institutional funding for commercialization; and facilitates market pull through industry partnerships. For more information, please visit www.southeasttechinventures.com.
About UNC Charlotte
A public research university, UNC Charlotte is the fourth largest campus among the 17 institutions of the University of North Carolina system. It is the largest institution of higher education in the Charlotte region. The university offers 18 doctoral programs, 62 master's degree programs and 90 programs leading to bachelor's degrees. Fall 2008 enrollment exceeds 23,300 students, including almost 5,200 graduate students.
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